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What Elon Musk's trillion means in real terms

Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world's first trillionaire.

Looks like Elon Musk is the world's 1st trillionaire. His net worth is greater than several countries combined.

If those rockets keep blowing up on the platform, that net worth will come back down to billions.

Also, about 4, 400 SpaceX employees became instant millions as a result of the IPO (Initial Public Offering).

The 1st trillionaire is the same person who's going to put a whole lot of folks outta work with self-driving vehicles. His wealthy buddies will put folks outta work with AI. 😎

@ ProfD: I was just wishing that some trillionaire would show up and volunteer to build a new all expense free stadium in Chicago so the Bears wouldn't have to settle for one in Hammond Indiana...

OK back to more serious things 😜

9 minutes ago, aka Contrarian said:

@ ProfD: I was just wishing that some trillionaire would show up and volunteer to build a new all expense free stadium in Chicago so the Bears wouldn't have to settle for one in Hammond Indiana...

OK back to more serious things 😜

The city of Chicago already put a certain amount of money to keep Da Bears in town. They should work it out. Maybe threatening a move to Hammond IN could be a bluff.😁😎

@ProfD Word is that Hammond is pretty much a done deal because property taxes would skyrocket if Chicago took on that project, so that made iit a deal breaker.

The Bears did buy property in the Chicago suburb of Arlington Heights, a defunct racetrack race track site but that didn't work out..

Oh well, they say it will take 5 years to complete construction on a brand new modern stadium, sooo I won't worry about it.

zzzzz zzzzz

That could have and should have been a Black American.

If we had played our cards right after the the social revolutions of the 60s, AfroAmericans could have been in a position where we owned tremendous amounts of wealth not only in the United States but in Africa and all through out Latin America.

Back in the 60s and 70s we were in a social position where were could have established connections all across the global with people allowing us to freely partake of their abundant resources.

The Honorable Elijah Muhammad and Eldridge Cleaver are 2 immediate examples who come to mind.
They were well known and well respected in the Middle East and the nations overthere probably would have GLADLY shared a portion of their oil and resources with the organizations these men represented.

8 hours ago, aka Contrarian said:

@ProfD Word is that Hammond is pretty much a done deal because property taxes would skyrocket if Chicago took on that project so that made iit a deal breaker.

Gotcha. That could make moving a foregone conclusion

8 hours ago, aka Contrarian said:

Oh well, they say it will take 5 years to complete construction on a brand new modern stadium, sooo I won't worry about it.

zzzzz zzzzzzz

The city of Chicago gets to enjoy Da Bears up close for 5 years. Things could happen betweem now & then to keep them around.

You will also be around to witness it one way or another. You're stuck with us.😁😎

4 hours ago, Pioneer1 said:

That could have and should have been a Black American.

IMO, under no circumstances could a Black American have become the 1st trillionaire.

Right now, no Black billionaire has accumulated $50 billion dollars or more.

The richest Black billionaire (African) has a net worth of about $28.5 billion dollars.

A white man becoming a trillionaire is a historic feat.

4 hours ago, Pioneer1 said:

That could have and should have been a
The Honorable Elijah Muhammad and Eldridge Cleaver are 2 immediate examples who come to mind.
They were well known and well respected in the Middle East and the nations overthere probably would have GLADLY shared a portion of their oil and resources with the organizations these men represented.

Neither of those men became billionaires. Elijah Muhammad chose to do business with white supremacists instead of building with Middle Easterners & Africans.

To be fair, in the time of Muhammad & Cleaver time, Middle Easterners weren't as wealthy from oil.

White folks facilitated the creation that led to OPEC (Organization of Petroleum Exporting Countries). That made the Arabs wealthy.😎

16 hours ago, ProfD said:

Neither of those men became billionaires. Elijah Muhammad chose to do business with white supremacists instead of building with Middle Easterners & Africans.

White folks facilitated the creation that led to OPEC (Organization of Petroleum Exporting Countries). That made the Arabs wealthy.😎

The Arabs....especially the elite.....were smart and forward thinking enough to "get in" with the rich White folks to enrich themselves.
....at the expense of being enemies to some of their own brethren at times, however it is what it is.

Although certainly White folks wouldn't allow ALL Black Americans to get rich in America, they certainly would have allowed a lot more of us get rich than currently are.

A lot of our people simply didn't want to put in the work to make that happen.

1 hour ago, Pioneer1 said:

The Arabs....especially the elite.....were smart and forward thinking enough to "get in" with the rich White folks to enrich themselves.

The Arabs were not smart &/or forward-thinking. White folks offered them a deal they couldn't refuse. Give up oil voluntarily & get wealthy or have it taken Venezuela style.

1 hour ago, Pioneer1 said:

Although certainly White folks wouldn't allow ALL Black Americans to get rich in America, they certainly would have allowed a lot more of us get rich than currently are.

White folks have reached their quota of rich Black folks.

1 hour ago, Pioneer1 said:

A lot of our people simply didn't want to put in the work to make that happen.

Becoming wealthy or rich is not merely a matter of putting in work. If that was true...a whole lot more people would already be rich.😎

I guess Musk as also dethroned Mansa Musa and the richest person the world has even known.

I not sure anyone can truly wrap their brains around just how rich this one man is. It is scary.

ProfD

The Arabs were not smart &/or forward-thinking.

They built Dubai and other cities.
You don't consider them smart accomplishments?

White folks offered them a deal they couldn't refuse. Give up oil voluntarily & get wealthy or have it taken Venezuela style.

True.

But this doesn't mean the Arabs weren't smart, it just means that the White folks (non-Arab Whites) MAY be a little smarter, lol.

White folks have reached their quota of rich Black folks.

There is no quota.

They make or break many Black folks as they see fit.

The entertainment industry is a great example of this.

In what other country can poor kids from the ghetto be given riches and exposure simply by rapping and rhyming about the violence and dysfunction they grew up in?

Becoming wealthy or rich is not merely a matter of putting in work. If that was true...a whole lot more people would already be rich.

I wrote "put in THE work"...lol.

Becoming wealthy isn't simply a matter of just working or putting in any ole type of work but CONCENTRATING YOUR EFFORTS on certain fields, occupations, opportunities, and investments as well as rubbing elbows with the right people.

....on a physical level.

On a Spiritual level, other activities seem to be involved.

9 hours ago, Troy said:

I guess Musk as also dethroned Mansa Musa and the richest person the world has even known.

Right. Especially since the fortune of Mansa Musa cannot be traced down through descendants.

7 hours ago, Pioneer1 said:

The Arabs were not smart &/or forward-thinking.

They built Dubai and other cities.
You don't consider them smart accomplishments?

The city of Dubai locatedin the UAE (United Arab Emirates) is a great example of what can be bought with a vast amount of wealth.

Architects & engineers & labor imported from African countries built a destination paradise in the middle of the desert. Some of it was built in the Persian Gulf.

IOW, the Arabs didn't do anything new. Construction has been around for thousands of years.

7 hours ago, Pioneer1 said:

But this doesn't mean the Arabs weren't smart, it just means that the White folks (non-Arab Whites) MAY be a little smarter, lol.

While I definitely would not diminish the intelligence of Arabs or any other group of people, the threat of violence has a way of shaping thoughts too.

7 hours ago, Pioneer1 said:

White folks have reached their quota of rich Black folks.

There is no quota.

They make or break many Black folks as they see fit.

The entertainment industry is a great example of this.

Why do Black folks need them at all to become rich or wealthy?

7 hours ago, Pioneer1 said:

Becoming wealthy or rich is not merely a matter of putting in work. If that was true...a whole lot more people would already be rich.

I wrote "put in THE work"...lol.

Becoming wealthy isn't simply a matter of just working or putting in any ole type of work but CONCENTRATING YOUR EFFORTS on certain fields, occupations, opportunities, and investments as well as rubbing elbows with the right people.

....on a physical level.

On a Spiritual level, other activities seem to be involved.

Building wealth definitely requires being aligned with certain poeple.

Most wealthy people aren't spritual or religious either. They leave that to people who need an opiate to cope with life.😎